Mathew Stevens in The Australian is quite accurate in his description of the super tax, it is a cash flow tax and not profit tax, Kevin, you need to come clean...
"....But then along comes a super tax that is not only retrospective in that it changes the rules for capital investments already made but it is designed to extract cash from miners before the payment of interest costs and other taxes. That is why you cannot call it a profits tax. Rudd's tax should really be called a cash-flow tax...."
